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CRUDE_ CLU23

Weekly – Remains in the July 2022 downtrend. Trade pressures are up into the neutral zone. Volumes remain bearish.

Daily – Flat. In the channel from 67 to 72. Trade pressures are up. Volumes are now bullish.

At 70.58. The  next target up the overbought level of 71.87.  The expected overbought levels are now 71.87.

A close below 69.81 would signal lower. The next oversold level is 67.04.

 

NAT GAS_ NGQ23

Weekly – In the December 2022 downtrend; holding at long term support. Trade pressures are up. Volumes are now bullish.

Daily – Long. After a pull back to 2.61 a new move up thru 2.71.  Trade pressures are down but rising. Volumes are neutral.

The next target up is 2.85. The expected overbought level is 2.99.

A close below 2.69 would signal lower. The expected oversold level is 2.43.

Still too much volatility, Stay Away.